Columbia Apartment Occupancy at 95%

According to Real Data, the occupancy rate for the Columbia metropolitan area is improving due to increased demand and minimal new supply added during the past six months. The occupancy rate is now 95%. There are six communities currently under-construction in the Columbia area, most of which will complete construction during 2018. Only one community started construction over the past six months.

The current average monthly rent increased by 2.8% or $27.48 over the past twelve months. Demand is expected to exceed new supply over the next twelve months, which will allow the vacancy rate to remain in the 5% range. Rental rates are expected to increase during 2018.

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Welcome to the South Carolina Real Estate News website. Every day, newspapers and periodicals publish articles that are of value to real estate professionals - for nine years now, we have provided a simple place to access this news. Over 500,000 visitors have found it a good source of information. Additional statistical data and property value trends will be presented from various sources. My appraisal firm, Integra Realty Resources - Columbia provides commercial appraisals in Columbia, Greenville, Charleston, Myrtle Beach, Aiken, Florence and other areas of the Carolinas.